Final Contract1) Purpose
This contract regulates the finalization of the ASICMINER auction in
https://bitcointalk.org/index.php?topic=142038.0
2) Buyers
PM.6 100 @ 0.45
ghostshirt 200 @ 0.45
Vezunchik 100 @ 0.45
LainZ 100 @ 0.45
asnonmous 5000 @ 0.44 (including 500 from board chair option)
3) Seller
Shares are sold by user zefir. They are currently held directly by
friedcat as a PGP-signed lock-in contract.
4) Escrow
Graet and John (johnthedong) will escrow the transactions. Buyers
decided whom to choose, resulting in the following transaction plan:
PM.6 45 BTC to 1EEFt1JqyTuTEsGHERJj58QcYb72BaPeTj (Graet)
ghostshirt 90 BTC to 15A8ztRxjnHud6unJi3dLpB9bLGdXVxAyg (Graet)
Vezunchik 45 BTC to 1hnvX9pA6eSZPfGEaLHR1RHM6RE82yUox (Graet)
LainZ 45 BTC to 18AfJDFimnxRCbK4JbzqdHm1SigCySYT3p (Graet)
asnonmous 2200 BTC to 1CuNd5n42cfqDz8SPVLSRsGHk2tLcHVMGh (John)
Payment shall be made from an address that the buyer fully controls,
i.e. is in possession of the private key, so the escrow in case of
disputes and cancellation can return the funds to sender.
5) Activation
This contract will be posted in the auction thread and changes its
status to active when both escrows and the seller digitally sign it,
either by PGP or Bitcoin address signature.
6) Acceptance
After activation (i.e. the time when all three signatures from point
5. were posted), the buyers accept this contract by sending their
respective payments to the escrow addresses given in 4. They are
given three days (72h + 12h time zone margin) to finalize the trans-
action in full. Failing so, their deal status changes to canceled.
7) Share Transfer
ASICMINER is going to have its private exchange that is scheduled to
go online before the first dividend payment is processed. As soon as
it launches, buyers need to open an account and provide all required
data to seller to initiate a transfer of shares. Since the details
of the new exchange are not yet known, no defined deadlines for the
transfer can be provided at this time. Seller is limited to do this
with best effort and will keep buyers and escrows informed about the
status.
On top of the transfer handled over the new exchange, seller will
attempt to reach agreement with friedcat to split his position
according to the sale and move them to bilateral contracts between
buyers and friedcat directly and get their shares assigned to them
before the exchange launches. Success solely depends on friedcat
and can not be guaranteed.
8) Dividends
Buyers are entitled for all ASICMINER dividends. Share transfer is
scheduled to finalize before the first dividend is paid. Any dividends
paid for any reason to seller shall be forwarded in full to the buyers
at their following addresses:
PM.6 1AXKZp4KU4tA4yPoFtHQPHoUi2DmWgHdEd
ghostshirt 1ZKrazKLvfxNCYqk4BbboxiPonB9U3Pwh
Vezunchik 1AkZFPx76RWEEpojMj5RvGDDesZxPazVdF
LainZ 1Bgu2w4vBTXDDkpWkjAeomVnRRYASnCaJV
asnonmous 12mwAvJywtQF5rJXHzdBQd4yq8EVD7NZqX
9) Clearance
Escrowed funds will be released to seller after buyers approval of
* transfer of shares to their account
* receipt of their dividends (if any happened before transfer)
Seller's address for this deal is 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc
Changes to the previous one posted in #176:
- point 4: updated Johns escrow address as stated in #177
- point 8: added LainZ address as provided by PM
As the seller I sign this final contract with my address for this deal 16CV4ktaWSp9TjEt2Wf4MMDhYbYi4TKXGc
G8/RWsCo7WDaWFBCLszNKm23ByWo3iBlD3HEUNDPO1GHK3AqCaKfgNIqUAdCCW1kzuetAqOEpYZtaHNp/CJqBLA=
Hello zefir, I am having a difficulty verifying your signature. I am pasting the contract, your signature address and the signature but verification fails. I am using bitcoin-qt 0.7.2, does version change anything?